Al Baraka announces $175m dividends
Manama, March 28, 2012
Al Baraka Banking Group (ABG) has announced the distribution of $175.36 million to shareholders, representing cash and stock dividends for the financial year 2011, approved by the AGM.
The bank said the cash dividends of $30.43 million equals to 3.5 cent per share (3.5 per cent of issued capital), while the stock dividends of $144.93m equal to one bonus share for every six shares (16.67 per cent of issued capital).
Bonus shares have been added to all shareholders' accounts, while cash dividends will be valued on April 30.
Bahrain Shares Registering Company has been appointed as official shares registrar to handle the distribution.-TradeArabia News Service